The return of volatility to global financial markets in October has prompted a resurgence of interest in gold after a quiet summer.
Gold declined for six straight months through September, the longest consecutive monthly downtrend since 1997. After spending much of September and early October in a very narrow trading range, gold prices finally picked up following the equity market wobble in mid-October.
Although we do not make specific predictions on the price of gold, we believe there are some interesting potential catalysts for gold in the current market environment. And in an environment of rising prices, we see significant opportunity in companies that mine gold.